Carrie E and Lena V Glenn Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Carrie E and Lena V Glenn Foundation Inc is a 501(c)(3) organization based in Gastonia, North Carolina, registered in 2005, with $235,560 in FY2024 revenue. CharityIndex grades it D.
1552 Union Rd Ste D, Gastonia, NC, 28054 EIN 20-1808211 Since 2005
Revenue (FY2024)
$236K
▲ 2.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$350K
Net assets
$7.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Carrie E and Lena V Glenn Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating255 mo reserves · -49% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Carrie E and Lena V Glenn Foundation Inc: 255 mo reserves · -49% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Carrie E and Lena V Glenn Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Carrie E and Lena V Glenn Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1552 Union Rd Ste D, Gastonia, NC, 28054
- City
- Gastonia
- State
- North Carolina
- Subcategory
- Private Foundations
- Website
- …
Financial trends
Revenue declined from $563K (FY2014) to $236K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $256KNet assets $7.5M
Operating margin
-48.7%
Spent more than it raised in the latest fiscal year.
Total assets
$7.7M
Total liabilities
$256K
Net assets
$7.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $235,560▲2.3% | $350,276▼1.8% | $7,452,933▲5.9% | $7,708,507▲5.6% | 990PF |
| 2023 | $230,342▼6.4% | $356,570▼8.3% | $7,039,680▲7.6% | $7,301,930▲8.0% | 990PF |
| 2022 | $246,126▼51.6% | $389,018▲4.6% | $6,544,541▲2.4% | $6,762,564▲1.9% | 990PF |
| 2021 | $508,184▼12.7% | $371,964▼10.6% | $6,392,310▼17.0% | $6,634,747▼17.3% | 990PF |
| 2020 | $582,435▲170% | $416,045▲20.0% | $7,700,176▲16.3% | $8,017,932▲16.8% | 990PF |
| 2019 | $216,074▼19.6% | $346,650▼15.2% | $6,623,211▼2.3% | $6,866,946▼3.2% | 990PF |
| 2018 | $268,687▼27.3% | $408,604▲3.9% | $6,777,219▼1.0% | $7,097,549▼0.8% | 990PF |
| 2017 | $369,748▲22.8% | $393,379▼5.4% | $6,843,915▲1.7% | $7,153,933▲1.9% | 990PF |
| 2016 | $301,090▼46.5% | $415,892▼0.1% | $6,728,802▼1.6% | $7,020,802▼1.9% | 990PF |
| 2014 | $562,730 | $416,156 | $6,841,362 | $7,159,529 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Carrie E and Lena V Glenn Foundation Inc a legitimate nonprofit?
- Yes. Carrie E and Lena V Glenn Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1808211, based in Gastonia, North Carolina. Donations are tax-deductible.
- What is Carrie E and Lena V Glenn Foundation Inc's EIN?
- Carrie E and Lena V Glenn Foundation Inc's Employer Identification Number (EIN) is 20-1808211.
- How much revenue does Carrie E and Lena V Glenn Foundation Inc report?
- Carrie E and Lena V Glenn Foundation Inc reported $235,560 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Carrie E and Lena V Glenn Foundation Inc have?
- CharityIndex grades Carrie E and Lena V Glenn Foundation Inc D, based on financial health (reserves and operating margin).
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Data for Carrie E and Lena V Glenn Foundation Inc (EIN 20-1808211) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.